Category: News Type

Renault-Nissan: no capital movement without a stock market rally

This is the question that still obsesses some of the Japanese economic elites and the old guard at Nissan. It was asked repeatedly, this Monday, to Jean-Dominique Senard, the president of Renault, and to Luca de Meo, its managing director, on the move for several days in Yokohama, at the headquarters of their Japanese partner.… Continue reading Renault-Nissan: no capital movement without a stock market rally

Ford backs call for European ban on new ICE cars from 2035

Ford of Europe is one of 25 large companies to put its name to a petition calling on the European Union to ban the sale of new ICE cars and vans from 2035. The company has already committed to phasing ICE vehicles out of its line-up by 2035 and achieving net-zero carbon neutrality at the same time.  Having already… Continue reading Ford backs call for European ban on new ICE cars from 2035

Autocar notebook: Bentley’s soaring sales and Lexus’s hydrogen plans

Bentley sales and profits up again Bentley remains well and truly on its A-game, following its best-ever financial performance in 2021 with a strong showing in the first quarter of 2022. Standout figures include a 162% year-on-year increase in operating profits to £144.6 million, a 35% year-to-date sales increase and a huge boost in revenue… Continue reading Autocar notebook: Bentley’s soaring sales and Lexus’s hydrogen plans

GRAMMER AG: Thorsten Seehars leaves GRAMMER at the end of May 2022

Publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014GRAMMER AG (WKN 589540, ISIN DE0005895403) GRAMMER AG: Thorsten Seehars leaves GRAMMER at the end of May 2022  Ursensollen, May 16, 2022 – The Supervisory Board and the Chief Executive Officer (CEO) of GRAMMER AG, Thorsten Seehars, today mutually agreed to terminate… Continue reading GRAMMER AG: Thorsten Seehars leaves GRAMMER at the end of May 2022

Bird changes course, drops vehicle sales in pursuit of profitability

Bird presented its first quarter 2022 earnings on Monday after the bell. Revenue has decreased consistently since the company went public via a special purpose acquisition merger in November last year. As a result, Bird is looking at streamlining resources so it can achieve profitability this year. Bird’s initiatives involve focusing on its most profitable… Continue reading Bird changes course, drops vehicle sales in pursuit of profitability

Rivian founder RJ Scaringe snaps up $1M worth of EV maker’s stock

Rivian founder and CEO RJ Scaringe bought 41,000 shares of company stock worth about $1 million, a securities filing posted Monday afternoon shows. The latest proxy filing, which pre-dated this purchase, shows Scaringe owns 11.99 million shares of class A stock, or about 1.3%, and 7.82 million class B common stock. He also holds 4.3… Continue reading Rivian founder RJ Scaringe snaps up $1M worth of EV maker’s stock

@GM: 2023 Cadillac LYRIQ Drives Closer to Delivery May 16, 2022

Cadillac’s first fully electric vehicle — offering an EPA-est. 312 miles of range on a full charge1 — starts at $62,9902; special program offers choice of public charging or home charger installation credit Cadillac today announced new details in the brand’s transformation to an electric future and a transformative EV customer experience, including ordering information,… Continue reading @GM: 2023 Cadillac LYRIQ Drives Closer to Delivery May 16, 2022

Rivian says pricing dispute with seat supplier threatens Amazon van program

Rivian filed a complaint against Commercial Vehicle Group, alleging that the supplier violated a contract and nearly doubled prices on a custom seat package bound for the electric vans its producing for Amazon and potentially other commercial customers. WSJ was the first to report on the complaint, which was filed March 9 in the Wayne… Continue reading Rivian says pricing dispute with seat supplier threatens Amazon van program

Following Volvo and Ford, Renault aims to spin off its EV business into a separate company

Last week, French company Renault announced its plan to fully review spinning off its electric car business into a separate company in 2023, in hopes of catching up with rivals Tesla and Volkswagen. Renault said that the new EV spin-off could bring on board 10,000 new employees by 2023, and its business model would be… Continue reading Following Volvo and Ford, Renault aims to spin off its EV business into a separate company